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Marka losses widen in Q1

Marka losses widen in Q1
(Photo Credit: Company Website)
Marka
MARKA
2.23% 0.28 0.01

Dubai – Mubasher: Marka posted a 56% year-on-year increase in its losses during the first quarter of 2017, according to a bourse filing.

Net losses reached AED 27.86 million in Q1-17, compared to AED 17.85 million in Q1-16.

Revenues declined 23.1% to AED 33.26 million in the three-month period ended 31 March 2017, compared to AED 43.25 million in the prior-year period.